Changes to LOLZ Farming Coming
On Saturday the 25th, we will be implementing a new model for calculating LOLZ Farming rewards.
Farming rates are currently determined daily based on the weighted-average of the most recent trades. Recently we have become concerned that short term market manipulation on some of the more thinly traded tokens (including LOLZ) can result in manipulation of LOLZ Farming rewards.
A recent attack on LOLZ prices caused the price of LOLZ tokens to temporarily crash, driving LOLZ Farming rates thru the roof. While precautions have been made to limit the ability to crash the LOLZ token price going forward, it did expose the vulnerability in our current price model to short term market manipulation.
After a vote of the LOLZ Governors, and to help protect our current stakers and ensure fair rewards for all farmers, going forward the price used to determine LOLZ farming rates for each token (including LOLZ) will be estimated based on a unique 7-day rolling average. This new price model is intended to minimize the impact of short-term market volatility and price manipulation on farming rates.
How Will Token Prices Be Determined
The 7-day rolling average price used for each token will be created daily by first calculating the daily weighted trading price averages for the last 9 day. The highest and lowest daily average prices will be thrown out, and the 7 remaining daily averages will be averaged to provide the 7-day rolling average.
How Will The Change Impact Farming Rates
We expect farming rates to be more stable and provide similar rates as under the current model. However, short term, inflated or reduced farming rates can occur for individual tokens under this model depending on the trends in token prices. However, long term farming rates should average out the inflated and reduced impacts. Since most farmers are long term farmers we expect most farmers will see similar, but more stable, farming returns.
Questions or Concerns?
We believe that this change was needed and should have little impact on long term farming rewards. But we also understand change can be concerning. If you have any questions or concerns regarding this change, please let us know by dropping a comment below or checking in our Discord where you can DM the Joker in Charge @captaincryptic.
About the LOLZ Project
The LOLZ Project is an engagement project with the mission of spreading laughter and joy on the Hive blockchain.
Use the !LOL or !LOLZ command in comments to share a clean joke and tip the author an $LOLZ token.
Farm $LOLZ tokens by delegating Hive Power and Hive tokens.
Mine $FUN Tokens when you hold Fun Miner ($FUNM) tokens.
Earn $FUN tokens when you blog about fun things and use #fun tags.
I noticed that crash and didn't understand the reason, it's good you take action against that 👍
!LOLZ
!PGM
!LUV
Posted Using LeoFinance Beta
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@lolztoken, @servelle(4/10) sent you LUV. | tools | discord | community | HiveWiki |
NFT | <>< daily
lolztoken.com
He was so good I didn't care.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @servelle
(8/10)
Thanks! Yeah, I was happy to see the price recover quickly. !lolz
lolztoken.com
Because they're outstanding in their field.
Credit: reddit
@servelle, I sent you an $LOLZ on behalf of @lolztoken
(4/10)
That sounds like a very good concept to keep the mechanism more secure. 👍
Thanks! We hope so.
!lolz
!gif smooth sailing
!meme
Via Tenor
Credit: elgatomayor
Earn Crypto for your Memes @ HiveMe.me!
lolztoken.com
Do you have to tell them they have the right to remain silent?
Credit: marshmellowman
@orionvk, I sent you an $LOLZ on behalf of @lolztoken
(2/10)
It's all good.
It's a shame people have to take advantage like mentioned in the article though.
Posted Using LeoFinance Beta
Yes, it is. But we shouldn't expect any different.
Thanks!
!lolz
!gif high five
!meme
Via Tenor
lolztoken.com
Details are sketchy.
Credit: reddit
@wanderingmoon, I sent you an $LOLZ on behalf of @lolztoken
(2/10)
Credit: arthursiq5
Earn Crypto for your Memes @ HiveMe.me!
Noted, well I just delegate my unused tokens. I don't think much of how you change the reward. It's still a good work to let unused tokens to get something.
!LOL
!PIZZA
Thanks for the support! !LOLZ
lolztoken.com
Steal her blanket.
Credit: reddit
@cursephantom, I sent you an $LOLZ on behalf of @lolztoken
(3/10)
lolztoken.com
“Is the bar tender here?”
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @cursephantom
(5/6)
Yep,😊 !LOOLZ #tokens continue to persist in our portfolios. Despite the recorded values, it still remains an attractive token due to the jokes exposed. I'm really glad that this project is still being present in this huge ecosystem. All the best🙋 and lot of good luck in the evolutionary📉📈 path. !PGM !PIZZA !CTP !hbit
!hiqvote √
Yep, Cheers🙋 @andy4475 !PGM !PIZZA !LOOLZ
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
lolztoken.com
Eine Nase.
Credit: vasupi
@andy4475, ich habe dir im Namen von @valentin86 einen $LOLZ Token gesendet
Verwende den Befehl !WITZ oder !LOOL, um einen Witz und ein $LOLZ zu teilen.
Use the !LOL or !LOLZ command to share a joke and an $LOLZ
.(3/8)
View or trade
BEER.Hey @valentin86, here is a little bit of
BEERfrom @isnochys for you. Enjoy it!If you like BEER and want to support us please consider voting @louis.witness on HIVE and on HIVE Engine.
Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
lolztoken.com
Kind: #hodl #token #hiq #tothemoon #shillen
Credit: siphon
@lolztoken, ich habe dir im Namen von @valentin86 einen $LOLZ Token gesendet
Verwende den Befehl !WITZ oder !LOOL, um einen Witz und ein $LOLZ zu teilen.
Are You Ready for some $FUN? Learn about LOLZ's new FUN tribe!
.(2/8)
@andy4475, the HiQ Smart Bot has recognized your request (1/2) and will start the voting trail.
In addition, @valentin86 gets !LOL from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
$PIZZA slices delivered:
valentin86 tipped lolztoken (x1)
successchar tipped lolztoken (x1)
cursephantom tipped lolztoken (x1)
@kaseldz(4/5) tipped @lolztoken (x1)
!LOL
lolztoken.com
She laughs while I'm tickling and is angry at me when I stop.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @holovision.cash
(1/10)
Use the !LOL or !LOLZ command to share a joke and an $LOLZ
!LOL
lolztoken.com
They both measure wait.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @memehive
(4/10)
!lolz indeed!
lolztoken.com
Because they're outstanding in their field.
Credit: reddit
@memehive, I sent you an $LOLZ on behalf of @lolztoken
(1/10)
Hmm, sounds good :D
Thanks for your quick reactions to keeping LOLZ secure & stable. Also #FUNNIE.
!CTP
!PIZZA
nice one guys,its no laughing matter
!LUV
!PIZZA
!CTP
!MEM
!ALIVE
!PHOTO
!LOLZ
@lolztoken! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @kaseldz. (4/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Personally, I view $LOLZ farming as passive income. I understand that most Crypto prices are generally extremely volatile. So your action seems sensible to me 👍 for much better stability of earning LOLZ.
Thanks! Yes, that is our goal - long term passive income via farming and dividends. Thanks for the support!
!lolz
!gif farming crypto
!meme
Via Tenor
lolztoken.com
But in the end, it doesn’t even matter.
Credit: reddit
@andy4475, I sent you an $LOLZ on behalf of @lolztoken
(1/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
Credit: crossedmat
Earn Crypto for your Memes @ HiveMe.me!